Funds

The Foundation’s Unrestricted Fund is a discretionary fund that has the potential of impacting the greatest number of people within our community since it serves as the main source of funding for our competitive grant cycle. As with all discretionary funds, the Board of Trustee’s decides the most effective use of their funding dollars.

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Designated Funds provide an ongoing source of support for a specific charitable organization named by the donor when the fund is established. Designated Funds are established by an individual or a nonprofit organization or group whether as an endowment fund, quasi-endowment fund, or other purpose fund (usually for community projects supported by multiple donors).  

Designated Agencies or purposes (Endowed)
Contributions are held as endowment and income is distributed to agency or designated purpose in perpetuity. 

List of Funds:

• Annie Hattie Turner Fund
• Bob and Alice McKinney Public Library Fund
• Campfire USA, Tejas Council - Pat and Goodson McKee Endowment Fund
• Duncan Fund
• Historic Waco Foundation Fund
• McLennan County Library Endowment Fund
• Rodney and Nan Brown Family Fund (Seventh & James Baptist Church) 
• Waco-McLennan County Library Margin of Excellence Fund

Designated Agency Funds (Quasi-Endowed)
Contributions are typically held as an endowment and income is available for distribution or may be distributed automatically, but organization may also request entire balance in certain circumstances.

List of Funds:

Other Designated Purpose Funds
All contributions are typically distributed for a designated purpose; fund is not permanent and will typically be closed when all funds are distributed.

List of Funds:

• Big Brothers Big Sisters of Waco Fund
• Bosqueville United Methodist Church Trust Fund Committee Fund
• Branding the Brazos - Doris Miller Statue Fund
• Cameron Park Centennial Celebration Fund
• Campfire USA, Tejas Council Fund
• Caritas of Waco Capital Campaign Fund
• Early Childhood Fund
• Family Health Center Dental Fund
• Greater Waco Community Education Alliance Fund
• Greater Waco Community Education Summit Fund
• Malcolm & Mary Ruth Duncan Dental Care Fund
• Mark and Esther Wolf Charitable Fund
• May Woo Wang, MD Family Medicine Residency Endowment Fund
• McLennan County Peace Officers Memorial Fund
• Nonprofit Institute Fund
• Solide, Inc. Fund
• Waco Cultural Arts Fest - Branding the Brazos Fund
• Waco Foundation Capacity Building Program Fund

Discretionary funds allow you to create a fund that meets the community’s changing needs, supports innovative solutions to problems, and enhances the quality of life in Waco and McLennan County. There are not any restrictions placed on how these funds can be used, leaving their most effective charitable application to the Foundation’s Board of Trustees.

List of Funds:

• J. Carroll and Doris W. Wood Fund
  
• John F. Horsfull, Jr. Fund
• Louis and Rosa Conti Fund
• Lyle Seley Masterson and Lyle Kay Masterson Fund
• Waco Foundation Unrestricted Fund

Donor Advised Funds offer philanthropists maximum flexibility over their charitable distributions. Donors can make distribution recommendations throughout
the year to various qualified charities of their choice.

List of Funds:

Field of Interest Funds allow donors to identify areas of interest that mean the most to them. Examples include education, the arts, and social services. The donor relies on the Foundation’s Board of Trustees to identify organizations capable of making the greatest impact in the field they have chosen.

List of Funds:

• Beautification Fund
• Children and Youth Fund
• Eleanor Lou Collins Fund for Historic Preservation
• Fund for Women
• Jerry and Barbara Burks Fund for Children
• Lou and Tom Collins Fund For Early Childhood Development
• McLennan County Medical Society Fund

Scholarship Funds are dedicated to providing financial assistance for individuals as they seek to continue their education. Upon creation of the fund, the donor may set up specific criteria for the scholarship such as financial need, academic achievement, a particular field of study, or a specific institution.

List of Funds: